55 IVY CRESCENT, Ottawa, Ontario

5 Beds 3 Baths

$1,300,000

Listing ID: X12751336 Property Type: Multi-family

Exceptional Investment Opportunity - Turnkey Triplex + Studio in Prestigious New Edinburgh/Lindenlea. Strong income-producing asset with a 5.4% cap rate, gross income of $88,800, and NOI of $70,856, supporting approximately $1,250,000 in financing at current rates - a true money maker. Unit 1 is leased at $1,850/month + hydro, Unit 2 (vacant) offers market rent of approximately $2,500/month, Unit 3 is rented at $2,500/month + hydro, and the studio/workshop generates $550/month, providing stable income with upside. Ideally located steps to Global Affairs, Beechwood Village, and scenic pathways along the Ottawa and Rideau Rivers, and within walking distance to the ByWard Market and the Governor General's Residence. This meticulously maintained all-brick purpose-built triplex plus separate studio/workshop within a double detached garage is a turnkey investment. The lower level features a renovated 1-bedroom unit with hardwood floors and a modern 2025 bathroom, the main floor offers a bright 2-bedroom unit with refinished hardwood, renovated bath, large eat-in kitchen, and oversized deck with garden access, while the second floor includes a 2-bedroom + den + solarium unit with hardwood throughout, updated kitchen and bath, and private laundry. The insulated studio/workshop with its own electrical panel is ideal for a gym, office, or added income. Additional features include an enclosed rear staircase, shared laundry (Units 1 & 2), gas-fired hot water heating, A/C in the basement unit, tandem multi-car driveway plus garage parking, and professional painting throughout. Extensive upgrades include foundation waterproofing, roof replacement, owned hot water tanks, rebuilt rear stairs and deck, upgraded appliances, added dishwashers, new faucets, renovated bathrooms, and refinished hardwood floors. SEE LAST PHOTO FOR FULL FINANCIAL PROFILE. (id:25961)

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Rooms

Level	Type	Dimensions
Mud room	Second level	1.83 m x 2.3 m
Solarium	Second level	4.78 m x 2.31 m
Living room	Second level	3.71 m x 4.81 m
Kitchen	Second level	3.95 m x 3.47 m
Bedroom	Second level	3.44 m x 3.48 m
Primary Bedroom	Second level	3.47 m x 3.48 m
Bathroom	Second level	1.5 m x 2.24 m
Living room	Lower level	3.56 m x 4.65 m
Kitchen	Lower level	3.91 m x 3.35 m
Bedroom	Lower level	3.92 m x 3.33 m
Bathroom	Lower level	1.51 m x 2.16 m
Utility room	Lower level	2.64 m x 3.36 m
Living room	Main level	3.71 m x 4.77 m
Kitchen	Main level	3.96 m x 3.45 m
Bedroom	Main level	3.47 m x 3.44 m
Bedroom	Main level	3.46 m x 3.44 m
Bathroom	Main level	1.5 m x 2.24 m

Details

Amenities Nearby: Public Transit
Equipment: None
Features: Wooded area, Paved yard, Carpet Free
Parking Spaces: 1
Rental Equipment: None
Structure: Deck, Workshop
Transaction: For sale
Zoning Description: R3P

Building

Amenities: Separate Electricity Meters
Appliances: Garage door opener remote(s), Water Heater, Water meter, Dishwasher, Dryer, Hood Fan, Stove, Washer, Refrigerator
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 5
Cooling: Window air conditioner
Exterior Finish: Brick
Fireplace Present: False
Fire Protection: Smoke Detectors
Foundation: Concrete
Bathrooms (Total): 3
Size Interior: 1500 - 2000 sqft
Stories Total: 2
Type: Triplex
Utility Water: Municipal water

Land

Amenities: Public Transit
Sewer: Sanitary sewer
Size Frontage: 35 ft
Size Irregular: 35 x 100 FT

Listing provided by RE/MAX HALLMARK REALTY GROUP
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 55 IVY CRESCENT in Ottawa Ontario. It was last modified on April 27th, 2026. Contact Stéphane Chevalier to schedule a viewing or to discover other Ottawa real estate for sale.

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